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why doesn't the government have to do that? i feel very strongly that you know, we are held to some limitations. in fact it i against the law, if at times i was to spend more money than i actually have. doesn't make any sense. adam: no, it would make you a politician. >> absolutely. absolutely. there is no skin in the game. yeah, granted i have accountability. i haveaccountability to clients, employees, to produce the best product and service that we possibly can. adam: sure. >> i don't think that is here. i don't think that evidence. i think that we've got people coming and going. will cause for great disruption and going to continue for years and years. adam: steve, let me ask you, when the president spoke mid-afternoon today, did he poke, take his finger and poke it in the eye of the republicans saying i beat you up and now i spit on you? seems like he w doing all he could to destroy whatever deal was on the table? >> i think there were two problems what he said. one was tone. the other was substance. if you look at the tone
why doesn't the government have to do that? i feel very strongly that you know, we are held to some limitations. in fact it i against the law, if at times i was to spend more money than i actually have. doesn't make any sense. adam: no, it would make you a politician. >> absolutely. absolutely. there is no skin in the game. yeah, granted i have accountability. i haveaccountability to clients, employees, to produce the best product and service that we possibly can. adam: sure. >> i...
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Dec 24, 2012
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lori: the government going to exit the interest in gm in particular, how are the u.s. automakers working out today? nicole: checkout ford today. the f-150 a popular truck. the automakers doing very nicely today. up over 4%, general motors one and a quarter percent. david: the day before christmas, everybody out shopping for bargains of some kind. one retailer hit a new 52-week high today. why did they do so well? nicole: there is one out in eastern long island. they continue to do very well, we have had the ceo
lori: the government going to exit the interest in gm in particular, how are the u.s. automakers working out today? nicole: checkout ford today. the f-150 a popular truck. the automakers doing very nicely today. up over 4%, general motors one and a quarter percent. david: the day before christmas, everybody out shopping for bargains of some kind. one retailer hit a new 52-week high today. why did they do so well? nicole: there is one out in eastern long island. they continue to do very well, we...
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Dec 24, 2012
12/12
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it is cutting government, that is the key thing. dennis: i could not believe the democratic proposal called for even more. thank you for being with us. happy holidays. >> you to. dagen: "countdown to the closing bell" is next. dennis: mr. ashley webster will join you with that. merry christmas, everybody. ♪
it is cutting government, that is the key thing. dennis: i could not believe the democratic proposal called for even more. thank you for being with us. happy holidays. >> you to. dagen: "countdown to the closing bell" is next. dennis: mr. ashley webster will join you with that. merry christmas, everybody. ♪
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Dec 31, 2012
12/12
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and local governments. and also just generally speaking of we have significant budget cuts, most economists, ours included consider that to be a precursor to lower gdp growth. we know for a fact that gdp and state revenues are highly correlated. lori: if you want to buy them now, was revised? >> you know, we are fairly priced right now, particularly in the ten year, 101% of treasury. that is a fair price. so our advice is to stay short, do not do what people are tempted to do which is to go along or go down the credit curve. stay short, high-quality. there is too much uncertainty. lori: thank you. that is me. ashley: in a nutshell, yes. lori: totally getting. these bills are falling off. ashley: a quarter till. time for stocks. lori: 47. ashley: you took a little time. what's going on. >> reporter: we are taking a look at the market. a session highs, seeing the dow up significantly from where it was. eighty-one points, 44 for the nasdaq. hopes for a fiscal cliff deal. standard and poor is lower. based on th
and local governments. and also just generally speaking of we have significant budget cuts, most economists, ours included consider that to be a precursor to lower gdp growth. we know for a fact that gdp and state revenues are highly correlated. lori: if you want to buy them now, was revised? >> you know, we are fairly priced right now, particularly in the ten year, 101% of treasury. that is a fair price. so our advice is to stay short, do not do what people are tempted to do which is to...
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Dec 31, 2012
12/12
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more interested in expanding the role of government. not getting to something that makes more sense long term. you have this huge philosophical divide. we're going to postpone it, do this mini deal now, but quite frankly it's going to be ugly in the future. cheryl: listen to the president yesterday meet the press. that divide is larger than ever. that was very apparent yesterday. thank you. appreciate the perspective today >> my pleasure. cheryl: happy new year. a : new year's day. much colder in most parts of the country. we will show you what to expect and the big business behind this holiday. back on the big man show. first we go to break. oil a little bit stronger, but not much. same kind of trading next. cheryl: we are less than 12 hours away from the new year on the east coast. look at these live pictures of times where right now. a beautiful day outside, very cold, windy day at side. who else is joining me right now from the box is weather center with what we can expect from tonight's big weather forecast. happy new year, janice.
more interested in expanding the role of government. not getting to something that makes more sense long term. you have this huge philosophical divide. we're going to postpone it, do this mini deal now, but quite frankly it's going to be ugly in the future. cheryl: listen to the president yesterday meet the press. that divide is larger than ever. that was very apparent yesterday. thank you. appreciate the perspective today >> my pleasure. cheryl: happy new year. a : new year's day. much...
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Dec 27, 2012
12/12
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we only control one third of government. you guys control two thirds and you have refused to lead through this crisis. >> if there was a bill that would raise taxes on people over $400,000 a year that that would pass? [talking over each other] >> look, a revenue bill would pass provided that it was matched by spending reductions. we will not take from people without giving them the insurance that we are not spending more that we are taking in. liz: thank you. great to be with you both. next up, we have good news on the housing front. the latest word from the commerce department has new-home sales at at the highest level we have seen in more than two years. new single-family home sales increased by 4.4% last month from october. it showed home prices up nearly 7% for this year. the winter blast that wrecked lives in the south and kept most of the nation at home and caused the death of about six people over christmas makes one last stop in the northeast. first, let's take a look at the treasury markets. we do not see a lot of a
we only control one third of government. you guys control two thirds and you have refused to lead through this crisis. >> if there was a bill that would raise taxes on people over $400,000 a year that that would pass? [talking over each other] >> look, a revenue bill would pass provided that it was matched by spending reductions. we will not take from people without giving them the insurance that we are not spending more that we are taking in. liz: thank you. great to be with you...
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Dec 31, 2012
12/12
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, observe government overspending, government involvement in every minute aspect of our lives. by the way, we might see a tea party which is really our hope. stuart: it didn't work in the last election, did it? two months ago that point of view was brushed aside. >> yes, that's why we believe the republicans to blame for that as well, not the democrats. the republicans bear the blame for pushing aside their base. david: their standard bearer in the election was romney, not the tea party. stuart: do you think if a tea party guy has been the republican standard-bearer in 2012, i don't know a name for you, not mitt romney, a tea party guy, do you think that person would have won? david: if he could have drawn the energy from 2010, yes. >> do you think he would have won? >> yes. >> only chance for success in the election and policy. stuart: it just didn't seem like that, did it? a rotten economy and we re-elect a president who is in charge of that are then economy. who could have seen that? i didn't see that coming. >> short-term incentives. you know, it is where the money is in th
, observe government overspending, government involvement in every minute aspect of our lives. by the way, we might see a tea party which is really our hope. stuart: it didn't work in the last election, did it? two months ago that point of view was brushed aside. >> yes, that's why we believe the republicans to blame for that as well, not the democrats. the republicans bear the blame for pushing aside their base. david: their standard bearer in the election was romney, not the tea party....
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Dec 26, 2012
12/12
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put it on the government's books. this is part of a never balancing the budget act in washington, d.c. freddie and fan any are run by one giant housing program, when their overseers, federal housing finance agency suing banks to put more loans back on their books away from fannie and freddie. this could reverse the trend. lori: like a kitchen sink proposal? >> could be. that is great question. we have 3.7 million homes in so-called shadow inventory, mortgages heading to foreclosure. this on the heels of the administration's failed attempt to get loan modifications meaning principle write-downs right? let's do more refinancing of negative equity underwater mortgages that are basically subprime. a lot of them are subprime. lori: agree, get government out but not until we get the problem pushed aside with underwater mortgages still plaguing economy. >> nearly four million homes, wow, that is lot. could they end up in fannie and freddie, remains to be seen. congress still has to weigh in. they may not go for it. tracy: le
put it on the government's books. this is part of a never balancing the budget act in washington, d.c. freddie and fan any are run by one giant housing program, when their overseers, federal housing finance agency suing banks to put more loans back on their books away from fannie and freddie. this could reverse the trend. lori: like a kitchen sink proposal? >> could be. that is great question. we have 3.7 million homes in so-called shadow inventory, mortgages heading to foreclosure. this...
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Jan 1, 2013
01/13
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but it does not mean that the government will stop paying its bills. la the treasury secretary told congress that by playing with some government accounts, for example, not reinvesting in certain government employee retirement programs, the treasury could create about $200 billion worth of additional head room in the debt ceiling, which, depending would last us another two months or so. trace? >> trace: two months, two days, who knows? peter barnes live for us at the white house. thank you. as we had reported sources said lawmakers have agreed to let tax cuts expire for some the wealthiest americans as part of their framework for avoiding the fiscal cliff. but spending cuts still very much up in the air. team fox coverage continues with rich edson on capitol hill. rich, what's the latest on that framework. >> trace, in just a few hours, tax rates across the board are scheduled to increase. this proposal deals with it. this is the framework that senators have been discussing here. families would pay the same income tax rates they do now on the first $45
but it does not mean that the government will stop paying its bills. la the treasury secretary told congress that by playing with some government accounts, for example, not reinvesting in certain government employee retirement programs, the treasury could create about $200 billion worth of additional head room in the debt ceiling, which, depending would last us another two months or so. trace? >> trace: two months, two days, who knows? peter barnes live for us at the white house. thank...
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Dec 26, 2012
12/12
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the some information government did not feel was appropriate to release. let me pose this to you, rebecca, this is policy issue rather than legal question. one of the people wrote me back, a friend of mine in texas, a former black hawk pilot, female friend of mind, please publish my address, let robbers know i'm well-armed and locked and loaded. >> that is what she said because she can protect herself. what about all the citizens who have absolute legal right to bear arms who are now basically outed for criminals to come in to attempt to get their firearms? because on the black market, firearms are extremely profitable. i just think it was, irresponsible of the newspaper. what is the good? when we're looking here, we'll looking to balance fair and equitable, what is the good? what is benefit for the newspaper to have written and outed these people? why? what is the purpose of this? i think it was just -- i don't think it was appropriate. jamie: when you look at it and see how many people got permits, i assume their point is there are too many permits out t
the some information government did not feel was appropriate to release. let me pose this to you, rebecca, this is policy issue rather than legal question. one of the people wrote me back, a friend of mine in texas, a former black hawk pilot, female friend of mind, please publish my address, let robbers know i'm well-armed and locked and loaded. >> that is what she said because she can protect herself. what about all the citizens who have absolute legal right to bear arms who are now...
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Dec 27, 2012
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anti-government rebel fighters attacking a government base, and we are learning the international envoy seeking a solution to in this 21-month-old conflict is saying political change is needed immediately to end the violence which has already killed an estimated 44,000 people. leland vittert live for us from our mideast bureau with the latest on this. leland? >> reporter: harris, the peace envoy is trying to bring back a plan that was dead on arrival back in june. it doesn't look like there's any budging from either side. president assad still says that he is going to stay on and continue to fight there inside syria. the rebels say they will accept nothing short than the regime falling, all this amid the rebels continuing to make more and more advances, continuing to close the noose, if you will, on the battlefield especially around president assad's stronghold there in the capital of damascus. russia, though, is continuing to protect syrian president bashar al assad. obviously, that is the transitional plan that something along the lines of what the rebels would endorse would have assa
anti-government rebel fighters attacking a government base, and we are learning the international envoy seeking a solution to in this 21-month-old conflict is saying political change is needed immediately to end the violence which has already killed an estimated 44,000 people. leland vittert live for us from our mideast bureau with the latest on this. leland? >> reporter: harris, the peace envoy is trying to bring back a plan that was dead on arrival back in june. it doesn't look like...